Tallinn Stock Exchange           NEWS RELEASE                   29.11.2004



RECALCULATION OF BALTIX AND RIGSE INDEX VALUES



Recalculation of BALTIX index values from April 29, 2004



The Baltic Stock Exchanges found an error that occurred in the BALTIX index

historical back-calculations due to incorrect adjustment of the effect of

corporate actions of Hansapank on April 29, 2004. The error resulted in

approximately 0.5 index points, i.e. approximately 0.13% of the index value.





Recalculation of BALTIX index values from November 11, 2004



Due to technical problems when publishing closing prices of certain Tallinn and

Riga listed securities between November 11 and November 15, 2004, a

miscalculation of BALTIX values occurred since November 11, 2004. Respective

closing prices have already been changed on the Baltic market data web at

<a href='http://market.ee.omxgroup.com/?pg=stats.' target='_blank'>http://market.ee.omxgroup.com/?pg=stats.</a> The corrected closing prices are:



11.11.2004

GZE1R - 6.21 LVL



12.11.2004

HPA1T - 8.50 EUR

RLK1T - 1.19 EUR

MKO1T - 14.00 EUR

LME1R - 1.90 LVL

LKB1R - 1.59 LVL

BAL1R - 1.88 LVL

GZE1R - 6.25 LVL

SAF1R - 47.25 LVL



15.11.2004

HPA1T - 8.52 EUR

TFA1T - 2.78 EUR

NRM1T - 6.32 EUR

BLT1T - 1.98 EUR

HAE1T - 8.65 EUR

RTF1R - 0.26 LVL

VSS1R - 1.94 LVL

LME1R - 1.96 LVL

LKB1R - 1.59 LVL

BAL1R - 1.86 LVL

GZE1R - 6.22 LVL



Proceeding from the above, daily values of the Baltic index BALTIX have been

miscalculated since November 11, 2004. This error resulted in approximately 0.6

index points, i.e. approximately 0.15% of the index value.



All BALTIX values since April 29, 2004 are corrected. The corrected index values

as of April 29, November 26 and all month-ends between those dates are:



Date           Corrected value    Previously published value



29-04-2004           372.05                   372.56

30-04-2004           374.27                   374.80

31-05-2004           360.21                   360.72

30-06-2004           361.99                   362.49

30-07-2004           364.18                   364.69

31-08-2004           365.76                   366.27

30-09-2004           371.43                   371.95

29-10-2004           373.82                   374.34

26-11-2004           391.42                   392.59





Recalculation of RIGSE index values from November 22, 2004



Today, on November 29, 2004, before the opening of the trading session the

historical values of Riga Stock Exchange index RIGSE will be recalculated from

November 22, 2004. The recalculation is necessary in order to avert the 0.03%

deviation of the index value starting from November 22, 2004 that was caused when

adjusting the index according to corporate action factor on November 22, 2004.

The recalculated index values are available at the table below. The opening value

of the index on November 29, 2004 will be 383.74 points.



Date           Corrected value    Previously published value



22-11-2004           380.67                   380.54

23-11-2004           381.09                   380.97

24-11-2004           383.57                   383.44

25-11-2004           385.52                   385.39

26-11-2004           383.74                   383.61



All corrected BALTIX and RIGSE values can be downloaded from the Baltic market

data web at <a href='http://market.ee.omxgroup.com/?pg=charts' target='_blank'>http://market.ee.omxgroup.com/?pg=charts</a> as .csv datafile (links

"Download 1 year CSV").



The Baltic Stock Exchanges apologise for any inconvenience caused and take all

necessary steps to avoid miscalculations in the future.





Tallinn Stock Exchange

Market Services

+372 640 8800